Altera Corp. said late Tuesday that shareholders approved the chip maker’s acquisition by Intel Corp. . Altera said more than 97% of votes supported the acquisition. Back in June, Intel agreed to buy Altera for $16.7 billion in cash, or about $54 a share. Altera shares rose 0.8% to $50.30 after hours, while Intel shares were down 0.2% at $31.69.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
